China’s premier told the United States on Wednesday: We don’t want a trade war with you, but if one breaks out, your companies would bear the brunt.
Yet despite tensions over jobs, currency rates and “security matters,” Premier Li Keqiang told a news conference in Beijing ahead of the first visit by the new U.S. secretary of state that he remained optimistic about the future of China’s relationship with the United States.
China to Trump: We don’t want a trade war — but if there is one, you’d lose – The Washington Post
Why would China want a trade war given its current advantage? Naturally it wants to keep its advantage. I see Trump as having no choice but to launch a trade war in order to make trade more equitable.
“The main message of this paper is that globalization might not be sustainable in the long run in the absence of appropriate redistribution policies aimed at compensating the so-called ‘losers’ of globalization: those segments of society that bear most of the adjustment costs of international trade,” the authors wrote in their paper.
They continued (emphasis ours):
“The unequal sharing of the welfare gains brought about by globalization has resulted in widespread concerns and a general opposition to free trade. Such a sentiment is interpreted and promoted especially by nationalist and radical-right parties, whose policy proposals tend to bundle support for domestic free market policies with strong protectionist stances. This policy bundle has started to be referred to as ‘economic nationalism’ also in public discussion. As parties offering such a policy mix become increasingly successful, we might see the end — and possibly even a reversal — of globalization.”
Economic trade shocks correlated with rise of nationalism in Europe – Business Insider
Globalization includes heavy trade and immigration with/from other countries. Of course, trade and immigration can help Europe but not the way they are being implemented. Trade must be balanced, and heavy trade with hostile countries like China should be heavily restricted. Also. immigration should only include people who will actually benefit Europe not drag it down.
Globalization falls under the “equality” tsunami spreading out over the West. Remembering that equality means equality of outcome, one can see that equality is just another name for communism. Keep pushing equality long enough and a society must end up with communism after it passes through the socialism phase. That’s because socialism will never include enough equality. Globalization is just equality on an international scale.
Now people are getting fed up with globalization and are starting to push back. It comes in the form of nationalism. Nationalism is just true diversity on a global scale.
Video by Peter Navarro.
Death By China: How America Lost Its Manufacturing Base (Official Version)
America is facing an existential threat that has potentially catastrophic military, economic, political, and national security implications. That threat is the U.S. “trade relationship” with the regime ruling Communist China, a suicidal pact engineered by globalist schemers in Washington, D.C., and New York and by power-hungry Chinese Communist schemers in Beijing. According to the film Death By China: How America Lost Its Manufacturing Base, directed by economist Peter Navarro, it is one of the “most urgent problems facing America.” And even that may be understating it. Without action, it could literally be the death of America as it has been known for more than two centuries.
While the hit film is from 2013, it is perhaps more relevant now than when it was first released. That is partly because President-elect Donald Trump not only has suggested that he understands the enormity of the problem, but that he intends to do something about it. “Death by China is right on,” Trump is quoted as saying about the movie. “This important documentary depicts our problem with China with facts, figures and insight. I urge you to see it.” And as if to prove that he is serious, Trump appointed Death by China director Navarro, an economist, to lead his newly formed White House National Trade Council. The dictatorship ruling mainland China expressed concerns, but advocates of sane, America First trade policies celebrated the decision.
“Death By China” Film Exposes Suicidal U.S. Policy
“Western complaints about …, all seem to point to the end of business as usual between the two countries.”
Robert Boxwell says the Trump administration, which appears ready to tackle head-on America’s multifaceted trade conflicts with China, should be clear about its plans
One advantage to having some hardened old capitalists coming into the Trump administration is that they understand, first-hand and in great detail, what the problems of doing business with Beijing are. Western complaints about dumping steel and aluminium, cyber theft of trade secrets, mainland acquisitions of strategic assets in technology and media, combined with belligerent talk about the South China Sea and Taiwan, all seem to point to the end of business as usual between the two countries.
Will Trump’s hard line on US trade with China mean the end of business as usual? | South China Morning Post